Global drinks manufacturer Molson Coors – which owns brand such as Coors Light and Miller Lite – has announced plans to cut 400 jobs across its Americas division by the end of December 2025.

The move is part of a company-wide restructuring, whish is expected to reduce the salaried workforce by approximately 9%.

President and chief executive officer of Molson Coors Rahul Goyal said: “We’ve made progress on our transformation journey, but given the environment, we must transform even faster. To win with our customers and consumers and return to growth, we must move with urgency and make bolder decisions.

“We are moving quickly and intentionally on a long-term, achievable strategy that continues our journey to become a total beverage company and that we believe puts us on the path to sustainable growth. We look forward to sharing more detail on this strategy in the coming months.”

Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning

The beverage manufacturer made the move to improve its ability to reinvest its funds in high-priority brands and pursue a return to profit growth.

“These are never easy decisions, and I am grateful to those who will be departing for their many contributions and to those who will continue to guide us on our journey toward growth,” Rahul added.

Molson Coors expects to acquire severance-related costs of around £26m to £37m, which also include post-employment benefits, to be included in the fourth quarter of 2025.

Drinks manufacturer Heineken also announced plans to cut 400 jobs at their headquarters as part of a restructuring plan.